•  Trump said Friday he was considering reciprocal trade deals with countries rather than flat fee tariffs on imported goods from other countries.
  • Trump touted tariffs throughout his campaign and during his inauguration said tariff revenue would make the U.S. “rich as hell.” He also said that tariff revenue would lower the tax burden on American taxpayers.
  • On Friday, the president said he would announce reciprocal trade agreements next week with multiple countries.
  • “The United States will be conducting trade with all countries based on the principle of fairness and reciprocity,” Trump said.
  • “We’re going to have tariffs, mostly reciprocal tariffs … probably reciprocal tariffs where a country pays so much or charges us so much and we do the same, so very reciprocal because I think that’s the only fair way to do it. That way no one is hurt. They charge us, we charge them,” Trump said.
  • Trump said the reciprocal trade deals seem to be the path forward rather than flat fee tariffs. He said he would be announcing trade deals as early as Monday or Tuesday.